Three years ago, trust on the Internet - or the lack thereof - focused, in part, on the faceless hacking groups such as Anonymous and LulzSec. Today, we have a face for this lack of trust, and it looks a lot like Uncle Sam and a Chinese Red Army cybersoldier.
In the wake of recent high-profile retail breaches, the PCI Security Standards Council is supporting a move toward chip card technology that conforms to the Europay, MasterCard, Visa Standard, says General Manager Bob Russo.
The indictment of nine alleged participants in a fraud scheme that involved infecting thousands of business computers with Zeus malware to steal millions of dollars shows that the malware remains a formidable ongoing threat.
Banking institutions and retailers are working to enhance cybersecurity collaboration, but the Consumer Bankers Association wants more regulatory oversight of merchants, says the CBA's David Pommerehn, a speaker at the upcoming Fraud Summit San Francisco.
Analysts say it's easy to believe the Neiman Marcus data breach may be tied to attacks on Heartland Payments Systems Inc. and other entities. But tracking the crimes is one thing; prosecuting is quite another.
Advanced threats are like the weather. Everyone talks about them, but few have a solid defense plan - or even a solid understanding of the threat landscape. Mike Nichols of General Dynamics Fidelis Cybersecurity Solutions offers insight.
Eight defendants have been charged in an alleged identity theft fraud scheme involving the theft of personal information from a call center for use in unauthorized wire transfers and to obtain payment cards.
In many if not most enterprises, the chief information security officer reports to the chief information officer. After all, enterprises cannot function without IT, and security is a support function to safeguard data and systems. Or is it?
The fear of fraud and lack of trust in the online channel are the primary reasons why some Latin American consumers avoid Internet banking. This is just one of the key findings from Easy Solutions' fourth annual study of Latin American consumers and the online channel.
Three more banks have filed a class-action lawsuit against Target and security firm Trustwave in the wake of the retailer's 2013 data breach. Meanwhile, two other banks have dropped their separate suit against the retailer and the vendor.
An analyst says two guilty pleas by defendants who played leading roles in an international account takeover and ATM cash-out scheme worth more than $15 million were not surprising because of the strong evidence in the case.
The FFIEC has issued notices spelling out its expectations for the steps that financial institutions should take to mitigate risks posed by ATM cash-out schemes and the continued DDoS attacks on public-facing websites.